Foundation For First Keys is a nonprofit organization committed to helping individuals and families achieve the dream of homeownership. Our mission is to provide education, resources, and guidance to qualified applicants whose primary obstacle to obtaining a mortgage is their credit history. Qualified applicants may be eligible to receive credit improvement assistance through our nonprofit program when credit is determined to be the primary factor preventing mortgage approval. To determine eligibility, every applicant must complete the mortgage prequalification process with a participating lender. This process verifies that the applicant meets all other lending requirements, including income, employment, debt-to-income ratio, assets, and tax compliance, and confirms that credit is the primary barrier to homeownership. Participation in this program does not guarantee acceptance into the program, mortgage approval, or the purchase of a home.

Applicant Agreement By signing this application, I acknowledge and agree to the following:

1. Authorization to Review Information I authorize Foundation For First Keys to review my financial information, mortgage qualification documents, and credit information solely for the purpose of determining my eligibility for nonprofit credit improvement assistance.

2. Mortgage Qualification I understand that I must complete a mortgage application with a participating lender selected or approved by Foundation For First Keys. I understand that the lender will evaluate my income, employment, assets, debts, tax status, and overall financial qualifications to determine whether credit is the primary reason I am unable to qualify for a mortgage.

3. Credit Improvement Assistance I understand that qualified applicants may receive credit improvement assistance through Foundation For First Keys at no cost, subject to program eligibility and funding availability. Any assistance provided through this program is voluntary, offered at the sole discretion of Foundation For First Keys, and does not require repayment by the applicant.

4. Applicant Responsibilities I understand that successful participation in this program requires my cooperation. I agree to: Provide complete and accurate information. Submit all requested documentation in a timely manner. Follow the recommendations provided by the credit specialists and mortgage professionals. Maintain communication with Foundation For First Keys throughout the program. I understand that results may vary based on my participation, financial circumstances, and the accuracy of the information provided.

Foundation For First Keys provides credit improvement assistance to help qualified applicants become mortgage-ready. Once an applicant has successfully completed the credit improvement process and has been notified by the participating lender or Foundation For First Keys that they are eligible to proceed with the homebuying process, it is essential that their credit profile remain substantially unchanged until the purchase transaction is completed.

The applicant agrees that they will not, without the prior written approval of their lender: Apply for new credit cards or loans; Finance or lease a vehicle; Purchase furniture, appliances, electronics, or other items on credit; Co-sign for another person's loan or credit obligation; Increase existing credit card balances or incur significant new debt; or Take any action that could materially affect their creditworthiness or mortgage qualification.

The applicant understands that these actions may negatively affect their credit score, debt-to-income ratio, or mortgage eligibility and may result in the denial of their mortgage loan. If the applicant knowingly violates these requirements after receiving credit improvement assistance and such actions cause the applicant to lose mortgage eligibility, become ineligible for financing, or otherwise prevent the completion of the home purchase, the applicant agrees to reimburse Foundation For First Keys $2,500 to help offset the costs and resources invested in providing nonprofit credit improvement services.

The applicant acknowledges that this reimbursement is intended to recover program costs resulting from the applicant's failure to comply with program requirements and is not intended as a penalty.

The applicant further acknowledges that these requirements exist to protect their opportunity to become a homeowner and to preserve the nonprofit's limited resources so they may continue assisting other qualified families.

Applicant Certification By signing below, I acknowledge that I have read and understand the terms of the Foundation For First Keys Homebuyer Assistance Program. I voluntarily agree to participate in the program and certify that all information provided is true and complete. 

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